MP McGinn hits out at tax credit cut plans

Conor McGinn MP
Conor McGinn MP
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St Helens North MP Conor McGinn has called on the Government to reverse its controversial plans to cut tax credits.

The issue was debated in the House of Commons on Tuesday with Conservative MPs threatening revolt by voicing concerns over George Osborne’s plans to cut the provision for low-paid workers.

The Government proposes to cut the income threshold for working tax credits from £6,420 to £3,850 a year.

Mr McGinn was present in the Commons for the debate this week and the Treasury Whip said: “These changes will hit many working families hard and at a time when many are struggling to make ends meet. The cuts to tax credits amount to a ‘work penalty’ and will hit families on middle and lower incomes - more than 3 million working families will be on average £1,300 worse off next year.

“In the North West 417,800 families may suffer as a result and 5100 families will be affected in my constituency, St Helens North. This is simply unacceptable, we should not be making life harder for working families.

“This is yet another broken promise from David Cameron who promised not to cut tax credits before the General Election. Even a former Tory Minister is calling for the plans to be tweaked.

“Today I call on David Cameron and George Osborne to reverse their decision to cut tax credits. If this does not happen then the next Labour Government will reverse them.”

Figures produced from the Institute of Fiscal Studies reveal that around 4,000 working families with children in St Helens claim tax credits and would be affected by the changes.